Việt Nam News

Semiconductor industry leaders, investors and technology providers gathered in the capital city of Hà Nội for a seminar focused on boosting investment and development in the industry.

In Việt Nam, Sailun Group has invested in building a factory to produce all tire lines of the group in the southern province of Tây Ninh, established a research and development (R&D) centre in HCM City, as well as a joint venture with Cooper Tires in 2019 with a total investment of about $1.5 billion.

About 25 small and medium-sized enterprises (SMEs) from South Korean will come to Hà Nội next month.

For the seven-month period, exports totalled $226.98 billion, up by 15.7 per cent, in which the domestic sector accounted for 27.8 per cent and the foreign-invested sector (including crude oil) accounted for 27.2 per cent.

The city provides the market with 2,600-3,000 tonnes of lobster every year.

Statistics from the Việt Nam Trade Office in Singapore showed that export turnover of glutinous rice to the city-state rose more than five fold to 8.9 million SGD, broken rice shot up 187.3 per cent to 1.5 million SGD, and milled or husked fragrant rice soared 161.35 per cent to 27.27 million SGD.

The proposal is under a MoF’s draft decree amending and supplementing Decree No. 132/2020/NĐ-CP regulating tax management for enterprises with related transactions.

Spot freight rates, time charter rates and secondhand vessel prices are all forecast to increase throughout 2024.

Following a dynamic trading week in early July, the Vietnamese market experienced three consecutive weeks of declines, hitting its lowest point at 1,218 points last week. Although the index saw a recovery afterwards, liquidity dropped significantly and the Vietnamese stock market has been described as "bleak" despite very positive macroeconomic data.

Thị Thanh Tùng, Deputy Director of the SBV’s Department of Credit for Economic Sectors, said nearly 50 per cent of banks have established a risk management division for environment protection lending.

According to the Việt Nam Association of Seafood Exporters and Producers (VASEP), in the first six months of this year, the shrimp export value reached about US$1.6 billion, up six per cent year on year.

Appropriate and timely trade measures, following Việt Nam's and World Trade Organization's (WTO) regulations, will help the domestic steel industry minimise damage caused by unfair competition practices and protect local production, said industry leaders.

To boost economic growth, the Government aims for an average GDP growth rate of around 7 per cent per year, lifting per capita income to approximately US$7,500 by 2030.

Singapore is the largest investor and has registered to pump nearly $6.52 billion in, up 79.1 per cent.

The latest report from the SBV showed that after half a month of implementing biometrics, only two banks saw a biometric registration rate of over 20 per cent, and four other banks had a rate of over 10 per cent. Meanwhile, the remaining banks recorded a rate of less than 10 per cent.

VGC's financial report shows that its net revenue reached VNĐ2.71 trillion (US$110.5 million) in the second quarter of this year.

Price competition has long been a problem hindering the textile and garment industry from entering the global supply chain. Việt Nam has not had a long-term specific plan for developing raw materials needed for the industry. This remains a weak point seriously affecting the sector.

Việt Nam has consistently been one of Laos's top three largest trading partners, with bilateral trade reaching US$928 million by the end of June, an annual increase of 11 per cent.